Benefits

Stronger controls

Test 100% of transactions in near real time, perpetually. Neither vacations nor vacancies impact the testing frequency. This enhances visibility into internal control exceptions to ensure that each one is investigated and remediated.

Lower costs

Faster detection

More testing, done immediately decreases the risk of non-compliance. The ACFE's report found that frauds were detected 33.3%–50% more quickly if the organization used Data Analytics & Monitoring systems.

Reduced losses

The ACFE compared organizations that had specific anti-fraud controls in place against organizations lacking those controls. They found that where controls were present, fraud losses were 14.3%–54% lower.

Standardized business processes

Implementing Data Analytics & Monitoring properly necessitates formal documentation & standardization of business processes. This by-product of the Data Analytics & Monitoring system provides several benefits. Standardized business processes are easier to teach when staff turnover occurs and easier to enforce.

Our Services...

Implementation

Industry leading software and best practices only provide maximum benefit when implemented properly. Further, inexperience implementing these systems can lead to a lot of precious time being wasted and considerable frustration. Our team can help.

Integration

Large organizations use a myriad of systems; ERP, budget, payroll, capital asset databases, P-cards etc. Improving efficiency means integrating with these systems to save time, prevent fraud, reduce the risk of error and improve value for money in your operations.

Optimization

Perhaps you have been using the product for years. Are you using it to its full potential? Could an unused feature/approach result in saving hours every month? Our experience tells us most often the answer is "Yes".

Whether you are a believer in traditional in-person training or embrace online opportunities, we have a training solution that will fit your preference and budget. Our authorized instructors will educate your finance/internal audit team in a traditional classroom setting or in the comfort of their office.